It's been more of the same this session on the back of a month of flat trade, Today's session so far looks to be heading in a similar way — TRON is range-bound between $0.067 and $0.068 today after shedding $0 and closing at $0.068 today.
Investors are seeking long positions as TRON price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. The upper Bollinger Band® for TRON stands at $0.068, indicating possible gains could follow. On the other hand, note that TRON is currently flirting with an active Fibonacci support level around $0.068.
Despite muted price action in TRON, chart analysis indicates it is positioned for a bullish run in the short term.
While TRON is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54% to $1.36. UNICORN Token USD ascends 1.62% to trade around $6.47.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States ISM Manufacturing PMI (Apr) will be released tomorrow at 14:00 UTC.
Trading mostly sideways for a month. TRON is now trading 36.06% above the significant low ($0.05) it slumped to 5 months ago.